American Debt - Lindaland

Lindaland

Global Unity 2.0

American Debt

profile | register | preferences | faq

UBBFriend: Email This Page to Someone!

next newest topic | next oldest topic

Author

Topic: American Debt

iQ
Knowflake

Posts: 2986
From: Chennai, India
Registered: Apr 2009

posted August 23, 2011 08:00 AM

Educative Links:
1. http://theeconomiccollapseblog.com/archives/it-is-now-mathemat ically-impossible-to-pay-off-the-u-s-national-debt

2. http://www.usdebtclock.org/

The best way to hedge is to get more gold and silver than keep cash reserves.

And herein exists a possibly sneaky solution to get rid of the Federal Reserve debt. The US Government and Public can go long on gold and silver using whatever leverage still exists, make it cross the price to comfortably pay off the debt [30000-40000 dollars an ounce], and send those gold contracts to the Federal Reserve, cancelling and nullifying all debts therewith.

Will this happen?

Plan B: Americans, buy some gold and silver. Physical. Especially Silver.

IP: Logged

katatonic
Knowflake

Posts: 6941
From:
Registered: Apr 2009

posted August 23, 2011 03:18 PM

just FYI IQ the last time we were in this sort of position, the government recalled ALL PERSONAL GOLD - i would not put it past them to do that again when the crunch truly hits...

IP: Logged

All times are Eastern Standard Time	next newest topic \| next oldest topic
Administrative Options: Close Topic \| Archive/Move \| Delete Topic
	Hop to:

Contact Us | Linda-Goodman.com